Lendlease REIT's NPI up 4% to $16.6m in Q1 from IPO forecasts

Submitted By:  Nathanielle Punay Case Study:  No Its DPU rose to 1.28 cents from 1.27 cents. Lendlease Global Commercial REIT (LREIT) saw its net property income (NPI) inch up 4% to $16.6m in Q1, compared to its IPO forecasts of $15.95m, an announcement revealed. Gross revenue also rose 2.2% to $21.66m in the same quarter from its forecasts. Also read: Lendlease Global Commercial REIT's NPI hit $16.18m in Q2 FY2020 read more